As I’ve written in prior posts, there is really only 1 chart pattern that matters right now in ES, and its the perfect, multi-month triangle pattern essentially forming all year. Resistance extends from the January highs, support extends from the Feb and March lows, and the breakout (unless there is a fake/trap move) probably determines the next sustained trend. Today, price tested support at 4150ish and bounced nicely as of writing. This saved the market from melt-down, for now, and market clearly recognizes the significance of this level. With FOMC on Wednesday, its likely this pattern resolves this week. Here’s what I’m looking for
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